AT&T (NYSE:T) had its price objective hoisted by research analysts at Barclays from $31.00 to $34.00 in a note issued to investors on Friday, The Fly reports. The brokerage currently has an “equal weight” rating on the technology company’s stock. Barclays‘s price target suggests a potential upside of 8.42% from the stock’s current price.
Several other analysts have also recently issued reports on the company. Raymond James reissued a “buy” rating on shares of AT&T in a research note on Monday, March 15th. Oppenheimer reissued a “market perform” rating on shares of AT&T in a research note on Wednesday, March 3rd. CIBC reissued a “buy” rating on shares of AT&T in a research note on Wednesday, February 10th. Credit Suisse Group cut their target price on AT&T from $31.00 to $30.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 19th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on AT&T from $36.00 to $31.00 in a research note on Monday, February 8th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. AT&T has an average rating of “Hold” and a consensus price target of $31.59.
Shares of NYSE:T opened at $31.36 on Friday. The stock’s 50-day moving average price is $30.01 and its 200-day moving average price is $29.03. AT&T has a 12-month low of $26.35 and a 12-month high of $33.24. The stock has a market capitalization of $223.65 billion, a P/E ratio of 20.63, a price-to-earnings-growth ratio of 3.04 and a beta of 0.70. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.78.
Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of AT&T by 0.8% in the 4th quarter. BlackRock Inc. now owns 485,568,654 shares of the technology company’s stock worth $13,964,955,000 after purchasing an additional 3,666,423 shares in the last quarter. Morgan Stanley lifted its position in AT&T by 4.9% in the 4th quarter. Morgan Stanley now owns 78,703,060 shares of the technology company’s stock valued at $2,263,501,000 after acquiring an additional 3,680,978 shares in the last quarter. Norges Bank bought a new position in AT&T in the 4th quarter valued at approximately $2,019,873,000. Bank of New York Mellon Corp lifted its position in AT&T by 2.3% in the 4th quarter. Bank of New York Mellon Corp now owns 61,404,948 shares of the technology company’s stock valued at $1,766,006,000 after acquiring an additional 1,360,766 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its position in AT&T by 5.3% in the 4th quarter. Nuveen Asset Management LLC now owns 37,240,494 shares of the technology company’s stock valued at $1,071,036,000 after acquiring an additional 1,870,844 shares in the last quarter. 51.17% of the stock is currently owned by hedge funds and other institutional investors.
AT&T Company Profile
AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through Communications, WarnerMedia, and Latin America segments. The Communications segment offers wireless voice and data communications services; video and targeted advertising services; broadband, including fiber, and legacy telephony internet and voice communication; and wireline telecom services.
Read More: Balanced Fund
Receive News & Ratings for AT&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T and related companies with MarketBeat.com's FREE daily email newsletter.